Mercedes welcomes Ecclestone ‘demotion’
24 January, 2014
Mercedes have always made it known that they are uncomfortable participating in Formula 1 with the bad press attracted by the sport’s uber-boss, Bernie Ecclestone, and his high profile court cases.
A Mercedes spokesperson told CityAM, “With the start of the court procedures Bernie Ecclestone is suspending his duties as director of [F1 parent company] Delta Topco with immediate effect. We welcome these measures.”
Ecclestone, who denies wrongdoing, will step down as an F1 director pending the conclusion of a trial scheduled to start in Germany in late April, but will run the business on a day-to-day basis.
On 16 January Delta Topco said in a statement, ”After discussion with the board, Mr Ecclestone has proposed and the board has agreed that until the case has been concluded, he will step down as a director with immediate effect, thereby relinquishing his board duties and responsibilities until the case has been resolved.” (GP247)
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